SOLID STATE BATTERY MARKET ANALYSIS

Market News

Global Solid State Battery Market: Key Developments

In March 2020, Samsung SDI Co., Ltd. along with Samsung R&D Institute Japan (SRJ) and Samsung Advanced Institute of Technology (SAIT) launched solid state battery, which is long- lasting and high performing battery as compared to other solid state batteries in the market.

In September 2018, Solvay Ventures announced its equity investment in Solid Power, a U.S. - based leading developer of next-generation solid-state batteries. This investment is anticipated to provide solid state battery materials to Solid Power, which will help Solid Power to cut down its cost and develop an economic solid state battery.

In June 2019, the company introduced Power Management with RTC (PMRTC) products under its segment EnerChip solid state rechargeable micro-battery. This new product integrates an ultra-low-power Real Time Clock (RTC) with power management and power switching for commercial and industrial applications.

In May 2018, Cymbet Corporation introduced an integrated circuit, which combines power management functions with an ultra-low power Real-Time Clock (RTC) that supports battery management and power switching. The initiative was undertaken to enhance its solid state rechargeable micro-battery portfolio and influence the attributes of the EnerChip.